Mr. Paul Benson reports

TROY RESOURCES COMMENTS ON KAROUNI PFS

Troy Resources Ltd. has released a webcast with the following details:

Troy Resources comments on Karouni prefeasibility study

Speaker:  Paul Benson, managing director and chief executive officer

Live date:  July 30, 2014, at 12 p.m. AEST

Competent persons statement

The information in this release that relates to exploration targets, production targets, exploration results, mineral resources or ore reserves for the Karouni project is based on, and fairly represents, information and supporting documentation prepared by Peter J. Doyle, vice-president of exploration and business development of Troy, a competent person who is a fellow of the Australasian Institute of Mining and Metallurgy and a qualified person under National Instrument 43-101 (standards of disclosure for mineral projects). Mr. Doyle has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity being undertaken to qualify as a competent person as defined in the 2012 edition of the Australasian code for reporting of exploration results, mineral resources and ore reserves. Mr. Doyle has approved this announcement and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Mr. Doyle is a full-time employee of Troy.

The information relating to the Karouni mineral resource estimate, August, 2013, is extracted from the news release entitled, "Smarts deposit -- resource update," dated Aug. 29, 2013, and is available to view on the company's website and under the company's profile at SEDAR.

The information relating to the results of the Karouni preliminary economic assessment/scoping study is extracted from the report entitled, "West Omai preliminary economic assessment and scoping study," created on Jan. 21, 2014, and is available to view on the company's website and on SEDAR.

The information relating to the results of the Karouni prefeasibility study is extracted from the report entitled, "Karouni open-cut prefeasibility study," created on July 28, 2014, and is available to view on the company's website and on SEDAR.

The company confirms that it is not aware of any new information or data that materially affect the information included in the original market announcements relating to drill results or mineral resource estimates and that all material assumptions and technical limits underpinning the drill results and estimates in the relevant market announcement continue to apply and have not materially changed. The company confirms that the form and context in which the competent person's findings are presented here have not been materially modified from the original market announcement.

For further information regarding the company's projects in Argentina, Brazil and Guyana, including a description of Troy's quality assurance program, quality control measures, the geology, sample collection and testing procedures in respect of the company's projects, please refer to the technical reports filed, which are available under the company's profile at SEDAR or on the company's website.

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